Jaeden Schaefer
๐ค SpeakerAppearances Over Time
Podcast Appearances
And it is, you know, holding on, quote, unquote, emergency power auction to procure new generation capacity.
to procure new generation capacity.
So the idea is that tech companies, especially those that are building these huge data centers everywhere, are going to bid on 15 year power contracts that could help underwrite the construction of a lot of new power plants, essentially trying to keep pace with all of the surging electrical demands.
So the idea is that tech companies, especially those that are building these huge data centers everywhere, are
are going to bid on 15 year power contracts that could help underwrite the construction of a lot of new power plants, essentially trying to keep pace with all of the surging electrical demands.
And personally, as someone who has seen their electricity cost, I you know, when I was living in Arizona, literally double as a lot of new facilities, a lot of
And personally, as someone who has seen their electricity costs, I, you know, when I was living in Arizona, literally double as a lot of new facilities, a lot of
subsidies and government grants went out to a lot of these companies, building data centers, building chip fabs.
subsidies and government grants went out to a lot of these companies, building data centers, building chip fabs.
And then, of course, the electrical bill of everyone else goes up as those ones are subsidized.
And then, of course, the electrical bill of everyone else goes up as those ones are subsidized.
So in my opinion, this is a fantastic program.
So in my opinion, this is a fantastic program.
We need to build more power generation.
This is something that's definitely, I think, on the top of everybody's mind in the industry.
This is something that's definitely, I think, on the top of everybody's mind in the industry.
And how to do that is something that we're all discussing.
And how to do that is something that we're all discussing.